• HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP

CRUDE OIL

  • Down 10% on the week coming into Thursday.
  • That followed a session in which the futures closed at $51.09 a barrel, the lowest level since Jan. 14.
  • Futures fell as much as 5.8% Wednesday to seven-month lows after American crude stockpiles posted a surprise increase. The loss sent the resource tumbling into bear market territory. Having extra supply dilutes prices, while fears of a global recession added to worries that demand may slow.
  • EIA Lowers World Oil Demand Forecast Again
  • Oil Regains Ground as Saudis Discuss Crude-Market Intervention

METALS – GOLD

  • Good week – Up 5.21% coming into Thursday.
  • Gold’s ride hinges on rates.
  • For gold prices to head for $1,600 or higher, it will take a few more rate cuts from the Fed.
  • Global tensions still matter for gold, but with the trade war in play, global tensions are now correlated with economic expectations and, thus, rates.

METALS – SILVER

  • Silver is having another rock’em sock’em week. Silver prices book largest daily rise in 3 years on Wednesday.

EQUITIES

  • VIX  17.65 – UNCHANGED FROM LAST SHOW
  • VVIX: 100 – DOWN 6 FROM LAST SHOW
  • RVX: 20.6 – UP 1 POINT FROM LAST WEEK
  • VIX/RVX SPREAD – 3 – WIDER BY 1 POINT FROM LAST WEEK
  • Earnings season driving more volume in micro e-mini futures.
  • Micro E-mini Equity futures traded 5 consecutive days over 1M contracts, reaching a record high of 1.4M contracts on August 8. Liquidity continues to build as market participants turn to Micro E-Mini futures for greater precision and flexibility in managing risk.
  • Notable options trading in Russell indexes.

FUTURES OPTIONS FEEDBACK 

  • QUESTION FROM STI6RY: Big move in iron ore this week off the trade war. Much options action out there?
  • QUESTION FROM JACK: What about a weekly skew report on twifo? Biggest changers from week to week?
  • QUESTION FROM NMEDIA: Much on with beans this week
  • QUESTION FROM LILBIGGS: What’s your most memorable thing you’ve learned from doing this show?
  • QUESTION FROM ELLES: Any more firmness to the wti skew this week?

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